Warranty Sales
US QuickBooks Enterprise Solutions : 11.0: Manufacturing and Wholesale
I need to keep up with warranty cost/sales how is the best way>?
70
317
aIekhOuYSr4yUOacwZ5xHE
02/09/12 6:34am PST
Viewed by asker 02/09/12 7:11am PST
Viewed by asker 02/09/12 7:11am PST
5 Replies
Rustler
Questions asked: 129
Questions answered: 41411
Points earned: 102640
Questions answered: 41411
Points earned: 102640
Allstar
Advisory council of community power users.
Intuit Moderator
Mod/Co-mod
02/09/12 6:36am PST
Sales is sales I don't understand what you mean by warranty sales
but to track warranty costs I prefer to use a class and tag the transaction with that class then run class reports when needed
Edit>preferences>accounting>company tab, check mark use class tracking to turn it on ..... see Help>classes
If I've helped, mark it solved.
My QB tips Blog >> http://onsale-apparel.com/Rust...
When the majority, who cannot think for themselves, overwhelm the minority who can, you get ... convention.
My QB tips Blog >> http://onsale-apparel.com/Rust...
When the majority, who cannot think for themselves, overwhelm the minority who can, you get ... convention.
02/09/12 6:48am PST
Yes I have a warranty class and I use it...let me explain myself better.
We sell printers, many parts make up these printers we offer a warranty on some of the "non-consumable" parts. If these parts fail durint the warranty we replace them with no cost to the customer plus we pay for the shipping.
I create a "zero" invoice so that the replacement part is taken from inventory...but this "replacement part" cost us as well as the shipping....How do I keep up with this?
02/09/12 6:55am PST
Best Answer - Chosen by the Community
When you create a zero price invoice you are expensing the cost of the inventory part to COGS just as if you had sold it for $$
if on the zero price invoice you tag the part with the warranty class, then the class report will show the average cost of the item.
You can also tag the actual shipping expense when you pay it with the warranty class then that will track as cost too
Click solved (thumbs up) if you think it is
02/09/12 6:58am PST
Thanks! I was hoping that was what was going on....now I just need the cost to be put into each item on the cost of goods sold....Thanks Again!
02/09/12 9:45am PST
Latest post
You do not put cost on the item unless you want false numbers, you record the purchase, cost is what you pay for it
See this explanation of how to receive inventory items in QB
